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Showing 1171 - 1180 of 4942 results for "fees"

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... been paid or offered, less than $51.7 million has landed in the hands of customers. NAB comes second, with $556.1 million in fees slugged in return for no service affecting 677,531 customers, Commonwealth Bank is footing a $169.3 million compensation ...

Evalesco acquires boutique firm

ANNABELLE DICKSON  |  THURSDAY, 5 AUG 2021
... "Evalesco's growth creates more opportunities for our team and our clients. Our increased scale gives us scope to save clients fees with platforms and investment managers," Thurecht said. In addition, Evalesco appointed Dominic De Minaur as a specialist ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... maximum maturity of three months. It aimed to match the return of the one-month Australian Bank Bill rate before tax and before fees over rolling one-year periods. In a notice to members, Rest said it expected the option's returns to remain low or ...

Six Park lowers minimum investment to $2k

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... funds are traded into a full portfolio across eight ETFs. All clients with account balances under $5000 will pay $6.25 in fees per month. Six Park is also offering three months without management fees to all new clients, including clients of partners ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... sufficient steps to identify the services these clients required. This resulted in 58 clients being charged over $1500 each in fees for services that were not provided, ASIC said. Millennium3 reported the fee-for-no-service breach to ASIC. The directors ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Jacobsen responded. "There's an incentive for an accountant on an hourly rate to do more work." Wilson then asked how advice fees are aligned to clients' best interests, with Jacobsen saying the law is very clear on fee for service being the ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
ASIC is suing several AMP entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... he said. The extensive due diligence, commenced in March, confirmed VISSF members would benefit across investment choice, fees and returns, Sharples said. "It was of absolute importance we partnered with a fund that would embrace our incredible history ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... consumers, including upholding the role of trustees to oversee fund promotion. With more than $30 billion collected in super fees annually, we believe the industry can drive higher standards through its people, technology, and processes," Certane Group ...

Robo advice potential skyrockets

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
... the most common being iShares, Vanguard and BetaShares. Rainmaker believes the attractiveness of robo advice is the average fees of just 0.3% p.a., based on a $10,000 investment. When combined with the embedded investment fees of the underlying ETFs ...